15/11/2024, 9:28:02 am

Fed's Powell declines to say if he would remain after chair term expires

Federal Reserve Chair Jerome Powell on Thursday declined to say whether he would remain at the U.S. central bank as a board member after his term as chief expires in May 2026. Powell, asked at an event in Dallas whether he would consider being the first Fed chair in more than 7 decades to remain on the Fed board after no longer serving as its leader, said only that he is committed to his chair.